Market Live Updates Today: The market is likely to open in the red as trends in the SGX Nifty indicate a negative opening for the broader index in India with a loss of 40 points.

The BSE Sensex jumped 934 points or 1.8 percent to 52,532, while the Nifty50 rose 289 points or 1.88 percent to 15,639 and formed a bullish candle on the daily charts after Doji candles in the previous two sessions.

As per the pivot charts, the key support level for the Nifty is placed at 15,470, followed by 15,301. If the index moves up, the key resistance levels to watch out for are 15,757 and 15,876.

US Markets

Wall Street's major indices jumped over 2 percent on Tuesday as investors scooped up shares of mega-cap growth and energy companies after the stock market swooned last week on worries over a global economic downturn. All 11 major S&P 500 sectors gained, as stocks rebounded broadly after the benchmark index last week logged its biggest weekly percentage decline since March 2020.

The Dow Jones Industrial Average rose 641.47 points, or 2.15 percent, to 30,530.25, and the S&P 500 gained 89.95 points, or 2.45 percent, at 3,764.79. The Nasdaq Composite added 270.95 points, or 2.51 percent, at 11,069.30.

Asian Markets

Shares in the Asia-Pacific region traded mixed on Wednesday, as Wall Street bounced back after a turbulent week. Japan's Nikkei 225 gave up early gains to sit below the flatline, while the Topix was 0.14 percent higher. The Kospi fell 1.1 percent, while the Kosdaq was declined 1.41 percent.